DENVER – NorthMarq Capital’s Denver office arranged a $6.7 million refinancing for Foster Greens Apartments located at 13865 Interurban Avenue South in Tukwila, Washington. Constructed in 1988, the property consists of 104 residential units contained in ten, two-story buildings. Community amenities feature garages, reserved parking, heated pool, fitness center, sauna/spa and sports court. Units have washer/dryers and fireplaces.
Greg Benjamin, senior vice president and Jeff DeHarty, associate producer arranged the refinancing for the borrower, a division of Weidner Investment Services, Inc., a Seattle-based, privately-held owner of multiple multifamily properties. Ben Katon is vice president of Finance & Acquisitions and Kevin Colard is director of Acquisitions.
About NorthMarq Capital
NorthMarq Capital, the largest privately held commercial real estate financial intermediary in the U.S., provides mortgage banking and commercial loan servicing in 36 offices coast to coast. With more than $12 billion in annual production volume and servicing a loan portfolio of more than $45 billion, the company offers expertise to borrowers of all size. The company has a long track record of multi-family financing as a Freddie Mac Program Plus™ Seller-Servicer, and through its affiliation with Fannie Mae DUS lender AmeriSphere Multifamily Finance. In addition, NorthMarq has long loan production and loan servicing relationships with more than 50 life companies, many CMBS platforms and hundreds of local, regional and national banks. For more information, please visit www.northmarq.com.